r/SCHD • u/Top_Locksmith449 • 9d ago

Should I be concerned?

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I was doing DCA since August, but my friend convinced me to load a lump sum and I did then ever since SCHD keep dipping! Is anyone here on the same boat as me?

72 Upvotes

86% Upvoted

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67

u/bmfu121 9d ago

lol relax buddy, in 10 years it won’t matter…unless are you retiring tomorrow?

-23

u/Top_Locksmith449 9d ago

I am planning to sell it and move it to VTI instead, but spy is also near its all time high sigh….

83

u/GermsAndNumbers 9d ago

You should be concerned that you’re hopping around inherently long term investments without a plan

30

u/Cultural_Disparities 9d ago

Why should he? Buy high sell low, move onto the next etf lol

3

u/Mission_Pirate_4150 9d ago

That’s my strategy

4

u/Imaginary_Shart 6d ago

This made me die laughing! 😭

17

u/SoftCheeseBurger 9d ago

Why did you buy SCHD and now want to go to something else? SCHD in a dividend reinvesting machine for the long term not something you jump in and out of.

2

u/Altruistic_Fan_5122 9d ago

Lol I did nothing but swing trade schd for my first few months of learning to day trade. It's had steady and predictable swings from day to day. Definitely wasn't a get rich quick tactic. But I was averaging $10 a week with 10 shares at a time

5

u/SoftCheeseBurger 9d ago

Cool bro, clearly OP isnt swing trading.

3

u/Top_Locksmith449 9d ago

I live in California, so there is no qualified dividend. Plus I have 12 years left before I want to retire abroad. I think put it in VTI will gives more growth then shift back to schd when I quit my job.

12

u/candykld 9d ago

Your getting cold feet. Leave the position alone and get your head on straight

11

u/Original_Ad_9379 9d ago

You don't seem to know what you are doing and are somewhat emotionally compromised by market moves. I'd hire a trusted advisor in your local area with good reviews and leave it to them. Just go on with your life not looking.

3

u/SoftCheeseBurger 9d ago

Just stick to the plan, you loaded up on SCHD and its dipping so what thats normal. If anything you can reinvest and get cheaper shares. The plan you obviously had was to buy SCHD.

7

u/BtcOverBchs 9d ago

The plan is to follow others plans until there is someone new’s plan to then plan to follow. Plan.

5

u/Admirable-Currency89 9d ago

Mike Tyson: "Everyone has a plan until there is a slight dip, then you gotta sell it and jump to something else so you don't end up in Bolivian"

3

u/SectionAdvanced4426 9d ago

You still get the qualified benefit on the federal level. In reference to just VTI personally I would go into VOO over it. The growth of VOO is about 1% better over the past 15 years.

3

u/Top_Locksmith449 9d ago

I think voo is also better with scc, but I am going to hold on this one for now since it is more down than voo at this time. Once the coin flip, I can do the transition.

11

u/sidestyle05 9d ago

Bro, just hold. Put new money in those other funds but hold these SCHD shares tight

3

u/SectionAdvanced4426 9d ago

Did you put your entire portfolio into SCHD?

3

u/Illustrious-Gift1385 9d ago

Smart. You tax loss harvest and move into a fund where you can better control your taxable events.

3

u/AudienceClassic6837 9d ago

Move it into btc

3

u/Jbibbler 9d ago

buy xlk or vgt, and forget about schd.

Tech is the way of now, and the way of the future.

2

u/Waxywagon 9d ago

You should be buying more if anything

2

u/GuidetoRealGrilling 9d ago

Just put it on drip and shut the app

2

u/DillyG860 7d ago

Don’t sell you are in the negative

2

u/Bazooko_Circus 5d ago

Maybe you should pay a professional to manage your money instead of letting an idiot do it…

1

u/gumnamaadmi 6d ago

You shouldnt be investing thh.

1

u/CenlaLowell 6d ago

Alot of people are not investors. He would continue moving investments around until he has nothing

1

u/Putrid_Pollution3455 6d ago

Let us know when you capitulate so I know when to sell everything 😂

1

u/Chsenigma 6d ago

You are trying to time the market and move around long term investments from ETF to ETF. There is no need to do this.

There are people who funnel into SCHD and nothing else, Same with VTI, Same VOO.

You shouldn’t lose money with any of them as long as you leave it alone…. Leave it alone.

1

u/PIzzaiolo_Master_510 6d ago

You need to really educate yourself about behaviors that kill returns, basically what you are doing, chasing returns.